Next Digital (Next Digital) Days Inventory : 20.41 (As of Sep. 2020)

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What is Next Digital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Next Digital's Average Total Inventories for the six months ended in Sep. 2020 was $6.31 Mil. Next Digital's Cost of Goods Sold for the six months ended in Sep. 2020 was $56.45 Mil. Hence, Next Digital's Days Inventory for the six months ended in Sep. 2020 was 20.41.

The historical rank and industry rank for Next Digital's Days Inventory or its related term are showing as below:

NXMDF' s Days Inventory Range Over the Past 10 Years
Min: 19.74 Med: 24.58 Max: 31.18
Current: 19.6

During the past 13 years, Next Digital's highest Days Inventory was 31.18. The lowest was 19.74. And the median was 24.58.

NXMDF's Days Inventory is not ranked
in the Media - Diversified industry.
Industry Median: 25.44 vs NXMDF: 19.60

Next Digital's Days Inventory increased from Sep. 2019 (20.23) to Sep. 2020 (20.41). It might indicate that Next Digital's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Next Digital's Inventory Turnover for the six months ended in Sep. 2020 was 8.94.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Next Digital's Inventory-to-Revenue for the six months ended in Sep. 2020 was 0.09.

Next Digital Days Inventory Historical Data

The historical data trend for Next Digital's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Next Digital Days Inventory Chart

Next Digital Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Days Inventory

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26.43

24.09

24.48

24.72

19.62

Next Digital Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20
Days Inventory	Get a 7-Day Free Trial															24.37	23.27	20.23	18.42	20.41

Competitive Comparison of Next Digital's Days Inventory

For the Publishing subindustry, Next Digital's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Next Digital's Days Inventory Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Next Digital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Next Digital's Days Inventory falls into.

Next Digital Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Next Digital's Days Inventory for the fiscal year that ended in Mar. 2020 is calculated as

	Days Inventory (A: Mar. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2019 )	+	Total Inventories (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (8.004	+	6.255)	/	2 )	/	132.617	*	365
=	7.1295					/	132.617	*	365
=	19.62

Next Digital's Days Inventory for the quarter that ended in Sep. 2020 is calculated as:

	Days Inventory (Q: Sep. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (6.255	+	6.374)	/	2 )	/	56.453	*	365 / 2
=	6.3145					/	56.453	*	365 / 2
=	20.41

Next Digital (GREY:NXMDF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Next Digital's Inventory Turnover for the six months ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.453	/	6.3145
	=	8.94

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Next Digital's Inventory to Revenue for the six months ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.3145	/	73.48
	=	0.09

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Next Digital Days Inventory Related Terms

Thank you for viewing the detailed overview of Next Digital's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Next Digital (Next Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next Digital Ltd (GREY:NXMDF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chun Ying Street, 1st Floor, Tseung Kwan O Industrial Estate, New Territories, Tseung Kwan O, Hong Kong, HKG

Website

http://www.nextdigital.com.hk

Next Digital Ltd is engaged in the print media business. Business activity of the firm is operated by the Digital Businesses and Print Business segment. The Digital Business segment includes Internet advertising, Internet subscription, content provision, and the development of mobile games and apps. The Print Business segment which derives majority revenue relates to the sale of newspapers, books and magazines and provision of newspapers, books and magazines printing and advertising services. Geographically, it operates in Hong Kong, Taiwan, and Other countries out of which Hong Kong accounts for the majority revenue.

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